the prospective employer. "Sit down. You'll understand, Mr. Lamb, that my question was only a natural one, for I am quite particular about this position, which is the most important one I have to fill. Our business is to be a large one. We are to conduct an immense plant in this city, and I want the office work organized with a thorough system from the beginning. The duties, consequently, would begin at once. The man who would become secretary of the Universal Covered Carpet Tack Company, would need to know all about the concern from its very inception, and until I have secured that exact man I shall take no steps toward organization."
Word by word, Mr. Wallingford watched the face of Edward Lamb and could see that he was succumbing to the mental chloroform. However, a man who at thirty has accumulated five thousand is not apt to be numbed without struggling.
"Before we go any further," interposed the patient, with deep, deep shrewdness, "it must be understood that I have no money to invest."
"Exactly," agreed Mr. Wallingford. "I stated that in my advertisement. To become secretary it will be necessary to hold one share of stock, but that share I shall give to the right applicant. I do not care for him to have any investment in the company. What I want is the services of the best man in the city, and to that end I advertised for one who had been an expert bookkeeper and who knew all the office routine of conducting a large business, agreeing to start such a man with a salary of two hundred dollars a month. That advertisement stated in full all that I expect from the one who secures this position – his expert services. I may say that you are only the second candidate who has had the outward appearance of being able to fulfill the requirements. Actual efficiency would naturally have to be shown."
Mr. Wallingford was now quite coldly insistent. The proper sleep had been induced.
"For fifteen years," Mr. Lamb now hastened to advise him, "I have been employed by the A. J. Dorman Manufacturing Company, and can refer you to them for everything you wish to know. I can give you other references as to reliability if you like."
Mr. Wallingford was instant warmth.
"The A. J. Dorman Company, indeed!" he exclaimed, though he had never heard of that concern. "The name itself is guarantee enough, at least to defer such matters for a bit while I show you the industry that is to be built in your city." From his dresser Mr. Wallingford produced a handful of tacks, the head of each one covered with a bit of different-colored bright cloth. "You have only to look at these," he continued, holding them forth, and with the thumb and forefinger of the other hand turning one red-topped tack about in front of Mr. Lamb's eyes, "to appreciate to the full what a wonderful business certainty I am preparing to launch. Just hold these tacks a moment," and he turned the handful into Mr. Lamb's outstretched palm. "Now come over to the edge of this carpet. I have selected here a tack which matches this floor covering. You see those rusty heads? Imagine the difference if they were replaced by this!"
Mr. Lamb looked and saw, but it was necessary to display his business acumen.
"Looks like a good thing," he commented; "but the cost?"
"The cost is comparatively nothing over the old steel tack, although we can easily get ten cents a paper as against five for the common ones, leaving us a much wider margin of profit than the manufacturers of the straight tack obtain. There is no family so poor that will use the old, rusty tinned or bronze tack when these are made known to the trade, and you can easily compute for yourself how many millions of packages are used every year. Why, the Eureka Tack Company, which practically has a monopoly of the carpet-tack business, operates a manufacturing plant covering twenty solid acres, and a loaded freight car leaves its warehouse doors on an average of every seven minutes! You cannot buy a share of stock in the Eureka Carpet Tack Company at any price. It yields sixteen per cent. a year dividends, with over eighteen million dollars of undivided surplus – and that business was built on carpet tacks alone! Why, sir, if we wished to do so, within two months after we had started our factory wheels rolling we could sell out to the Eureka Company for two million dollars; or a profit of more than one thousand per cent. on the investment that we are to make."
For once Mr. Lamb was overwhelmed. Only three days before he had been beset by Mr. Daw, but that gentleman had grown hoarsely eloquent over vast possessions that were beyond thousands of miles of circumambient space, across vast barren reaches where desert sands sent up constant streams of superheated atmosphere, with the "hot air" distinctly to be traced throughout the conversation; but here was something to be seen and felt. The points of the very tacks that he held pricked his palm, and his eyes were still glued upon the red-topped one which Mr. Wallingford held hypnotically before him.
"Who composes your company?" he managed to ask.
"So far, I do," replied Mr. Wallingford with quiet pride. "I have not organized the company. That is a minor detail. When I go searching for capital I shall know where to secure it. I have chosen this city on account of its manufacturing facilities, and for its splendid geographical position as a distributing center."
"The stock is not yet placed, then," mused aloud Mr. Lamb, upon whose vision there already glowed a pleasing picture of immense profits.
Why, the thing was startling in the magnificence of its opportunity! Simple little trick, millions and millions used, better than anything of its kind ever put upon the market, cheaply manufactured, it was marked for success from the first!
"Stock placed? Not at all," stated Mr. Wallingford. "My plans only contemplate incorporating for a quarter of a million, and I mean to avoid small stockholders. I shall try to divide the stock into, say, about ten holdings of twenty-five thousand each."
Mr. Lamb was visibly disappointed.
"It looks like a fine thing," he declared with a note of regret.
"Fine? My boy, I'm not much older than you are, but I have been connected with several large enterprises in Boston and elsewhere – if any one were to care to inquire about me they might drop a line to the Mexican and Rio Grande Rubber Company, the St. John's Blood Orange Plantation Company, the Los Pocos Lead Development Company, the Sierra Cinnabar Grant, and a number of others, the addresses of which I could supply – and I never have seen anything so good as this. I am staking my entire business judgment upon it, and, of course, I shall retain the majority of stock myself, inasmuch as the article is my invention."
This being the psychological moment, Mr. Wallingford put forth his hand and had Mr. Lamb dump the tacks back into the large palm that had at first held them. He left them open to view, however, and presently Mr. Lamb picked out one of them for examination. This particular tack was of an exquisite apple-green color, the covering for which had been clipped from one of Mr. Wallingford's own expensive ties, glued to its place and carefully trimmed by Mr. Wallingford's own hands. Mr. Lamb took it to the window for closer admiration, and the promoter, left to himself for a moment, stood before the glass to mop his face and head and neck. He had been working until he had perspired; but, looking into the glass at Mr. Lamb's rigid back, he perceived that the work was well done. Mr. Lamb was profoundly convinced that the Universal Covered Carpet Tack Company was an entity to be respected; nay, to be revered! Mr. Lamb could already see the smoke belching from the tall chimneys of its factory, the bright lights gleaming out from its myriad windows where it was working overtime, the thousands of workmen streaming in at its broad gates, the loaded freight cars leaving every seven minutes!
"You're not going home to dinner, are you, Mr. Lamb?" asked Mr. Wallingford suddenly. "I owe you one for the splash, you know."
"Why – I'm expected home."
"Telephone them you're not coming."
"We – we haven't a telephone in the house."
"Telephone to the nearest drug store and send a messenger over."
Mr.
